James Debono, Beppe Degiorgio
Published on July 9, 2019
Tags: Capital Markets Union, Crowdfunding Service Providers
Capital Markets, Investment Services Regulation
Funding ventures and raising capital through online crowdfunding platforms is a trend which has not only become a customary form of finance, but has lastly been the crucial and accessible port of call for a myriad of startups.
Published on July 8, 2019
Tags: real estate, Rent, Rent reform
The Residential Leases Bill (the “Bill”) was published in the Government Gazette on the 2nd July 2019.
Published on July 4, 2019
Tags: Brexit, Immigration Status
British citizens - who on and prior to the UK's EU withdrawal date were inter alia resident in Malta and able to maintain themselves - would be entitled to continue residing in Malta and enjoy the right of free movement into and from Malta, including other legal entitlements, such as the right to work, access to health, education, social benefits etc., subject of course to certain conditions. This legal status lasts 10 years, unless renewed. There is also a provision affecting UK individuals who benefit from the Residents Scheme Regulations (S.L.123.79) requiring a certain procedure for compliance.
Published on July 3, 2019
Tags: CCD, Consumer Credit Directive, Directive 2008/48/EC
Advocate General Hogan delivered on 23 May 2019 his opinion in the proceedings of C‑383/18 Lexitor sp.z.o.o v Spółdzielcza Kasa Oszczędnościowo — Kredytowa im. Franciszka Stefczyka z siedzibą w Gdyni, Santander Consumer Bank S.A. z siedzibą we Wrocławiu, mBank S.A. z siedzibą w Warszawie.
Antoine G. Cremona, Clement Mifsud-Bonnici
Published on July 1, 2019
Tags: Public Procurement
GANADO Advocates has contributed the Malta chapter in the 2019 edition of Lexology Getting The Deal Through - Public Procurement.
Published on June 28, 2019
Tags: construction, real estate
The Avoidance of Damage to Third Party Property Regulations, 2019, was published on the 25th June 2019 as Legal Notice 136 of 2019 (the “Regulations”). These Regulations replaced Legal Notice 72 of 2013 (the “2013 Regulations”) which dealt with the same subject matter.
Published on June 27, 2019
Tags: Court Approved Sale of Vessels, Judicial Sales of Vessels, private sale of vessels, Shipping
Admiralty & Maritime Litigation, Shipping sale, purchase & charterparties
Malta continues to attract vessels to its shores for court-approved sales. Following closely last year’s judicial sale of the 100 meter super yacht m.y. Indian Empress, the m.v. HHL Rio de Janeiro, a specialised heavy lift vessel, sailed into Maltese waters for her sale by private treaty. The sale was instigated by the enforcing mortgagee. Having considered the market value of the ship, the Court proceeded with its decision of the 29 May, 2019, in the proceedings in the names “J. Scerri-Diacono nomine versus m.v. HHL Rio de Janeiro”, to approve the sale.
Leonard Bonello, James Debono
Published on June 19, 2019
Tags: Banking, Fintech
Fintech & Blockchain, Banking Regulatory
Issue no.4 of the Banking & Fintech Newsletter is now available.
Published on June 6, 2019
Tags: Capital Markets, iGaming
This article was first published in the first issue of the Malta Stock Exchange Business Review (May 2019).
Published on June 5, 2019
As I wrote in my article in the Times of Malta on 21 November 2017, the London Interbank Offered Rate, Libor, (which measures the cost of unsecured borrowing between banks for a specific period) is expected to be phased out by 2021 and given its widespread use, this is proving to be a gargantuan task.